U.S. Movers: Abbott, BlackRock, Dover, Halliburton, IBM, Intel, Yahoo

Mukesh Buch
18 Apr, 2012
New York City

Abbott first quarter net surged 44% to $1.24 billion and raises fiscal 2012 guidance. BlackRock first quarter net rose 1% to $572 million. Dover profit rose and lifted revenue outlook. IBM first quarter net increased 7% to $3.1 billion. Intel net slumped 13% to $2.74 billion. Yahoo net surged 28%.

[R]1:10 PM New York – Abbott first quarter net surged 44% to $1.24 billion and raises fiscal 2012 guidance. BlackRock first quarter net rose 1% to $572 million. Dover profit rose and lifted revenue outlook. IBM first quarter net increased 7% to $3.1 billion. Intel net slumped 13% to $2.74 billion. Yahoo net surged 28% to $286 million.[/R]

Abbott Laboratories ((ABT)) fell 42 cents to $60.01 after the health care products maker reported first quarter net sales increased 4.6% to $9.46 billion from $9.04 billion in the same quarter last year. Net earnings in the quarter surged 44% to $1.24 billion or 78 cents per diluted share compared to $864 million or 55 cents per share in the year ago.

Abbott said it is on track to separate into two publicly traded companies by the year-end into a diversified medical products and the other in the research based pharmaceutical maker.

Amphenol Corporation ((APH)) decreased 3.5% or $2.14 to $57.81 the fiber optic cables maker reported first quarter sales rose 4.4% to $981.6 million from $940.6 million in the same quarter last year. Net earnings in the quarter fell to $126.6 million or 77 cents per diluted share compared to $128.0 million or 72 cents per share in the year ago earlier.

The company anticipated second quarter revenues in the range of $1.04 to $1.06 billion and diluted earnings per share in the range of 82 to 85 cents and for the year revenues are expected in the range between $4.11 and $4.19 billion and diluted earnings per share between $3.30 and $3.38.

BlackRock, Inc. ((BLK)) dropped 2.5% or $5.12 to $196.69 the investment manager reported first quarter total revenue edged down 1% to $2.25 billion from $2.28 billion in the same quarter last year. Net income in the quarter rose 1% to $572 million or $3.14 per diluted share compared to $568 million or $2.89 per share in the year ago period.

Dover Corporation ((DOV)) slipped 1.7% or $1.08 to $61.35 the fabricated products maker reported first quarter total revenue grew 17% to $2.1 billion from $1.8 billion in the same quarter last year. Net earnings in the quarter edged up to $196.1 million or $1.05 per diluted share compared to $194.9 million or $1.03 per share in the year ago period.

Halliburton Company ((HAL)) increased 4.4% or $1.45 to $34.11 the oilfield service provider reported first quarter total revenue surged 30% to $6.87 billion from $5.28 billion in the same quarter last year. Net income in the quarter rose 23% to $627 million or 68 cents per diluted share compared to $511 million or 56 cents per share in the year ago period.

International Business Machines Corporation ((IBM)) slumped 2.8% or $5.86 to $201.59 the information technology reported first quarter total revenue flat of $24.7 billion from the same quarter last year. Net income in the quarter increased 7% to $3.1 billion or $2.61 per diluted share compared to $2.9 million or $2.34 per share in the year ago earlier.

IBM raised full year 2012 diluted earnings per share to at least $14.27 from at least $14.16.

Intel Corporation ((INTC)) decreased 2% or 58 cents to $27.89 the microprocessor maker reported first quarter revenue fell 6% to $12.09 billion from $12.85 billion in the same quarter last year. Net earnings in the quarter slumped 13% to $2.74 billion or 53 cents per diluted share compared to $3.16 billion or 56 cents per share in the year ago.

Intel expects second quarter revenue would be approximately of $13.6 billion.

Intuitive Surgical, Inc. ((ISRG)) soared 8.2% or $45.10 to $590.63 the surgical equipments maker reported first quarter revenue increased 28% to $495 million from $388 million in the same quarter last year. Net income in the quarter surged 38% to $144 million or $3.50 per diluted share compared to $104 million or $2.59 per share in the year ago earlier.

Polaris Industries Inc. ((PII)) advanced 8.3% or $6.13 to $79.26 the recreational vehicles maker reported first quarter net sales soared 25% to $673.8 million from $537.2 million in the same quarter last year. Net income in the quarter surged 27% to $60.1 million or 85 cents per diluted share compared to $47.3 million or 67 cents per share in the year ago earlier.

Stryker Corporation ((SYK)) gained 1.2% or 68 cents to $55.57 the medical technology company reported first quarter revenue grew 7.2% to $2.2 billion from $2.0 billion in the same quarter last year. Net income in the quarter increased 14% to $350 million or 91 cents per diluted share compared to $307 million or 78 cents per share in the year ago earlier.

The Stryker said financial forecast for 2012 sales increase of 3.5% to 6.5%.

The Bank of New York Mellon Corporation ((BK)) decreased 2.3% or 56 cents to $23.24 the financial service provider reported first quarter total revenue flat to $3.64 billion from the same quarter last year. Net income in the quarter increased 7% to $619 million or 52 cents per diluted share compared to $625 million or 50 cents per share in the year ago earlier.

Yahoo! Inc. ((YHOO)) increased 3.2% or 49 cents to $15.50 the online contents provider first quarter revenue edged up to $1.22 billion from $1.21 billion in the same quarter last year. Net earnings in the quarter surged 28% to $286 million or 23 cents per diluted share compared to $223 million or 17 cents per share in the year ago earlier.